FYI: As investors await a Federal Reserve rate cut as soon as this month, yield-seekers are finding refuge in U.S. exchange-traded funds.
The $19 billion iShares iBoxx High Yield Corporate Bond ETF, known by its ticker HYG, took in more than $622 million on Friday, the largest addition to the fund in a month, data compiled by Bloomberg show. The latest interest in riskier corporate debt follows a pick-up in demand last month, when almost $3 billion poured into the ETF, delivering its best month of inflows on record.
Regards,
Ted
https://www.fa-mag.com/news/junk-bond-fund-draws--622-million-as-negative-yields-go-global-50680.html?print
